Rumour: Hoffman and Elliot takeover negotiations (3 Viewers)

lifeskyblue

Well-Known Member
I'm hoping this can get done and dusted now he has gone public. Certainly has the money to up the bid. But all depends on how far sisu want to push it.


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Liquid Gold

Well-Known Member
Why would you tell everyone you have 200m when you're part of a consortium bidding 4m for something ffs. SISU would be stupid to accept knowing these guys have more
Fingers crossed sisu have just signed the deal and now these guys are bragging about resources so the fans get behind them.
 

Nick

Administrator
Why would you tell everyone you have 200m when you're part of a consortium bidding 4m for something ffs. SISU would be stupid to accept knowing these guys have more

That's what I don't get. It isn't a very good negotiation tactic to say how much cash there is like that.

Was that £208m to him though or a company he worked at?
 

superskyblue

Well-Known Member
That's what I don't get. It isn't a very good negotiation tactic to say how much cash there is like that.

Was that £208m to him though or a company he worked at?
Doubt the fella wants to spunk all £200m on the club.

He's just proving he's credible and it will probably mean he'll get more support from fans, press etc. Keep cranking up the pressure on SISU.
 

covcity4life

Well-Known Member
doesnt matter what hes worth. i imagine the consortium have a limit they will give to sisu and a certain point will say sorry you are asking way too much. we are pulling out.
 

Nick

Administrator
Doubt the fella wants to spunk all £200m on the club.

He's just proving he's credible and it will probably mean he'll get more support from fans, press etc. Keep cranking up the pressure on SISU.

Well no, I understand that! He would be insane to want to do that.

Cranking the pressure to do what though? The only thing that will make them sell is more money, sadly.
 

SuperFred

Well-Known Member
That's what I don't get. It isn't a very good negotiation tactic to say how much cash there is like that.

Was that £208m to him though or a company he worked at?

Not sure mate but it still seems like an amateur move.

Maybe they're trying to get the fans on side to put pressure on SISU but what can we realistically do?

Praying SISU sell up but this will just add to the price tag in my opinion.
 

chiefdave

Well-Known Member
Bit strange. Put in several low bids that have no chance then reveal your consortium has a backer who is loaded and could easily take the club over on his own.

Looks like Hoffman not wanting anything out in public is working well.
 

Nick

Administrator
It's not just him either, I see we're moving from the flop to the turn card...

With an article in the telegraph?

Is the game buying the club or PR? The turn card would be to send an offer over to them they can't refuse and wave them goodbye.

Whether he has £1m or £1b it doesn't make a difference unless the offers change :(
 

better days

Well-Known Member
The owner's position in the past has sometimes been that the bidder(s) haven't provided evidence of funds
Perhaps this is the new bidders using the media to counteract that argument to force the owners to agree to a meeting

However if negotiations do start they will want a lot more evidence, for example a statement from a solicitor or broker saying they are holding funds independently pending a successful deal
 

olderskyblue

Well-Known Member
His company was sold for 208 million.
I haven't read yet what he himself has.

Yep, my Company when sold was worth nearly the same*, but it doesn't mean it's all available in cash.....



* Just remove the word "million"...
 

Bob Latchford

Well-Known Member
I like these points - “I’m willing to put money in and I’m not looking for a return. - “If we can do that, then it’s down to the supporters.”
I'm concerned about this point - Lets get the club back to the city, Does he not know we're back playing in Coventry ?
 

Nick

Administrator
Looks like it was a company he is a director at sold for £208m...

That's not to say he doesn't have cash though.
 

covcity4life

Well-Known Member
I like these points - “I’m willing to put money in and I’m not looking for a return. - “If we can do that, then it’s down to the supporters.”
I'm concerned about this point - Lets get the club back to the city, Does he not know we're back playing in Coventry ?

hoffman has been vocal that his consortium are worried about the rent deal running out with wasps
 

clint van damme

Well-Known Member
I like these points - “I’m willing to put money in and I’m not looking for a return. - “If we can do that, then it’s down to the supporters.”
I'm concerned about this point - Lets get the club back to the city, Does he not know we're back playing in Coventry ?

I take that to mean he feels there has become a disconnect between the club and the city because of everything that's gone on with the current owners. Not that he doesn't realise we not in Northampton anymore - I hope so anyway!
 

lifeskyblue

Well-Known Member
Feel happier today than did yesterday. We find out the bid has credible backers and want talks with sisu. Can't foresee future and it may all come to nothing but I see the possibility of change and progress.


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skybluebeduff

Well-Known Member
With an article in the telegraph?

Is the game buying the club or PR? The turn card would be to send an offer over to them they can't refuse and wave them goodbye.

Whether he has £1m or £1b it doesn't make a difference unless the offers change :(
Just wait patiently like everyone else, just like the consortium is doing. What do we lose if SISU refuse to budge? It will be as you were and watch the club fall deeper into the mire.
Pretty sure people like you wanted to know who the backers were... well now you know at least two!!
 
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dongonzalos

Well-Known Member
Looks like it was a company he is a director at sold for £208m...

That's not to say he doesn't have cash though.

I think he was director and a shared owner, with at least 6 different owners. The 6 directors bought it out right in 2003. Then they sold 60% of it in 2013. So he would have made some money then. However I think it maybe just that company who owned 60% selling their share for the 208 million.
So he may still own one sixth of 40% of the company.
Unless the directors also sold their 40% in that same deal
 

ajsccfc

Well-Known Member
I like these points - “I’m willing to put money in and I’m not looking for a return. - “If we can do that, then it’s down to the supporters.”
I'm concerned about this point - Lets get the club back to the city, Does he not know we're back playing in Coventry ?
I think It's more that he wants the club to be ran by and for people who actually support the club rather it being a geographical point.
 

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